Group 1 - The core viewpoint of the article emphasizes the importance of establishing "Guangzhou Price" as a significant reference in the global market for key commodities like lithium and industrial silicon, enhancing the international influence of Guangdong's manufacturing sector [2][4][6] - Guangdong's export of "new three items" (new energy vehicles, lithium batteries, and photovoltaic products) has seen a remarkable growth of 28.8%, with companies like BYD and GAC Group reporting substantial increases in overseas revenue [2][3] - The pricing power of lithium concentrate has historically been dominated by foreign mining companies, leading to increased costs for Chinese enterprises and a lack of negotiation leverage in the international market [3][4] Group 2 - The establishment of futures contracts for industrial silicon and lithium carbonate by the Guangzhou Futures Exchange (GFEX) aims to provide risk management tools that reflect market supply and demand, thereby enhancing the pricing influence of "Guangzhou Price" [4][5] - The international recognition of "Guangzhou Price" has grown, with futures contracts winning awards and allowing foreign institutional investors to participate, marking its integration into the global pricing system for the new energy industry [6][11] - The GFEX has been instrumental in helping companies stabilize operations by integrating futures pricing into their business models, allowing them to manage risks more effectively and transition from reactive to proactive risk management [7][8] Group 3 - The GFEX is expanding its futures offerings to cover more areas within the new energy sector, including strategic minerals and key raw materials, to better serve the high-quality development of the real economy [12][13] - The introduction of futures for platinum and palladium, as well as the planned development of lithium hydroxide futures, aims to enhance the risk management framework for the lithium battery industry and support companies in navigating international market uncertainties [13][14] - The comprehensive development of the "Guangzhou Price" system reflects the GFEX's commitment to supporting the green low-carbon economy and enhancing the authority of Chinese pricing in the global market [14]

比如，"走出去"的钢企在进口铁矿石时面临价格与汇率双重风险。对此，广发期货（香港）为国内某大 型民营钢企的新加坡子公司提供通过铁矿石掉期合约与弹性外汇合约进行风险对冲的方案。 "该方案不仅通过场外撮合和场内清算可以满足企业大额交易需求、减少市场冲击，还以灵活的合约期 限精准匹配企业贸易账期，帮助企业有效管理铁矿石价格、汇率波动的风险，实现了跨境贸易的稳定性 和利润空间的最大化。"广发期货（香港）总经理刘博雅告诉记者。 从东南亚的橡胶园到非洲的矿场，从国际大宗商品贸易枢纽到应对全球碳排放约束的海运航线，中国期 货行业正通过不断完善的全球服务网络、持续创新的金融工具和深耕产业的专业能力，为实体企业更好 参与共建"一带一路"保驾护航。 近日，亚洲金融合作协会相关研讨会暨《案例集》发布会召开，上期所、中粮期货、中信期货、南华期 货、新湖期货等案例入选单位受邀出席，并向老挝、越南、哈萨克斯坦、匈牙利等国家和地区的120余 位与会者，分享了期货服务共建"一带一路"高质量发展的实践，展现了我国期货行业在跨境金融合作中 的创新成果与责任担当。 据期货日报记者了解，去年6月，中国期货业协会（下称中期协）组织会员单位参加亚洲金融 ...

Core Viewpoint - The 20th Central Committee's Fourth Plenary Session emphasizes the importance of accelerating the construction of a financial powerhouse and outlines a strategic blueprint for the 14th Five-Year Plan, highlighting the role of the futures market in price discovery, risk management, and resource allocation [1][3]. Group 1: Strategic Development - The "15th Five-Year Plan" suggests a focus on building a modern industrial system and emphasizes the importance of high-level technological self-reliance and a strong domestic market [3][4]. - The plan identifies the need for steady development of futures, derivatives, and asset securitization, providing a new development space for the futures industry [7]. Group 2: Role of Futures Market - The futures market is positioned as a crucial tool for enterprises to manage price volatility risks and support industrial transformation and upgrading [4][5]. - The market is expected to play an essential role in connecting finance with the real economy, enhancing the resilience of supply chains, and providing risk management services to various sectors, including green finance and inclusive finance [5][6]. Group 3: Company Initiatives - The company aims to integrate deeply into the industrial chain, offering customized risk management services and achieving breakthroughs in various key areas [5]. - The company has provided risk management services to over 1,000 industrial clients, helping them transition from merely avoiding risks to effectively managing operations [5]. Group 4: Compliance and Risk Management - The "15th Five-Year Plan" calls for comprehensive financial regulation and the establishment of a risk prevention and resolution system to ensure financial stability [8]. - The company is committed to enhancing its compliance and risk management frameworks, ensuring that risk management aligns with operational needs and effectively addresses market price fluctuations [8].

Core Viewpoint - The article highlights the recent capital inflows and outflows in commodity futures, indicating a mixed market sentiment with specific focus on metals and agricultural products [1]. Group 1: Capital Inflows - Major inflows were observed in silver (¥2.289 billion), copper (¥0.690 billion), rubber (¥0.278 billion), platinum (¥0.269 billion), and iron ore (¥0.193 billion) [1]. - The black and non-ferrous metal sectors showed a positive inflow trend, particularly in silver, copper, platinum, iron ore, and lithium carbonate [1]. - Financial futures, specifically the CSI 500 index futures and 30-year treasury futures, are highlighted as areas of interest for capital inflows [1]. Group 2: Capital Outflows - Significant outflows were noted in cotton (¥1.154 billion), PTA (¥0.587 billion), white sugar (¥0.422 billion), vegetable oil (¥0.270 billion), and rapeseed meal (¥0.270 billion) [1]. - The chemical and agricultural sectors are experiencing outflows, with particular attention to cotton, PTA, white sugar, vegetable oil, methanol, and paraxylene [1]. - Conversely, rubber and PVC are noted for their unexpected inflows despite the overall outflow trend in the chemical and agricultural sectors [1].

另据上期所发布的违规处理决定公告显示，2025年4月1日至7月24日，江某蓓通过操作本人账户和程某 川账户在锡期货sn2603、sn2604、sn2606、sn2607等多个合约上存在实施事先约定的相互交易、转移资 金的行为。该行为已构成《上海期货交易所违规处理办法》第三十条第一款第三项规定的违规行为，依 据该办法第三十条，上期所决定：给予江某蓓通报批评处分；责令改正，对江某蓓处1万元罚款；给予 江某蓓自收到违规处理决定书次日起暂停开仓交易6个月的处分。（齐宣） （文章来源：期货日报网） 本报讯上期所昨日发布公告称，1月6日，一组实际控制关系账户在相关合约上账户组日内开仓交易量超 限第1次达到交易所处理标准。该客户交易行为违反《上海期货交易所异常交易行为管理办法》第16条 之规定，上期所决定对其在相应合约上采取限制开仓的监管措施。 ...

Core Viewpoint - The 2026 National Foreign Exchange Management Work Conference emphasizes the need for a steady advancement of high-level institutional opening in the foreign exchange sector to facilitate multi-field cooperation and mutual benefits [1] Group 1: Key Initiatives - The conference outlines plans to steadily promote reforms in bank foreign exchange operations, guiding reformed banks to expand their branches nationwide [1] - Policies will be introduced for overseas lending and domestic foreign exchange loan fund management, along with the implementation of cross-border fund centralized management for multinational companies [1] - There will be a focus on integrated reform and innovation of foreign exchange policies in free trade pilot zones, supporting the development of international financial centers in Shanghai and Hong Kong, as well as the Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 2: Risk Management - The conference stresses the importance of maintaining a bottom-line thinking approach to strengthen the "breakwater" and "wave dam" of the foreign exchange market [1] - Enhanced analysis and assessment of the foreign exchange situation will be conducted, with a focus on macro-prudential management and expectation management to ensure the stable operation of the foreign exchange market [1]

据新华社电记者6日从全国应急管理工作会议获悉，安全生产治本攻坚三年行动任务将于2026年全面完 成，重点行业领域"一件事"全链条专项整治将继续深化。 应急管理部有关负责人表示，2026年将完善重大事故隐患判定标准，加大重点地区重点行业指导帮扶力 度，推进企业安全管理体系建设。加大重点行业领域安全风险监测预警系统建设应用和升级改造力度， 加快落后工艺设备淘汰退出，推动传统高危产业转型升级。深化城市安全风险综合监测预警工作体系建 设。持续严厉打击安全生产资格证书"交钱包过"等违法行为，推动考试点规范化建设。 此外，还将创新开展2026年度中央安全生产考核巡查，优化指标体系，完善线索收集与处置，加强考核 巡查专业队伍能力建设，充分彰显权威性和震慑力。健全事故挂牌督办、现场督办工作机制，提高调查 质量，确保按期结案、及时公布。 （文章来源：期货日报网） ...

国联期货股指分析师项麒睿认为，本轮上涨的核心驱动正从2025年下半年单一的流动性驱动，转向盈利 预期修复与流动性环境改善共同驱动。 "2025年12月我国制造业PMI超预期回升至扩张区间，表明经济回暖早于预期，这增强了盈利修复主线 的可信度。"项麒睿表示，随着宏观政策显效，工业品价格回暖有望推动PPI进入上行通道，为企业利润 改善奠定基础。同时，美元走弱、人民币汇率走强也提供了流动性支撑。这种双重驱动反映在市场风格 上，表现为大类资产普涨，而非去年小盘成长股单边领涨。 "当前指数的行业权重构成与一年前已明显不同，科技含量更高，板块结构性上涨正精准映射经济中的 结构性亮点。"银河期货金融衍生品分析师孙锋从市场主线的角度补充称，上个月中旬以来的行情主要 围绕"十五五"规划建议进行深度挖掘：从商业航天到人脑工程、无人驾驶，再到半导体设备、有色、金 融等板块，这轮上涨需要想象力，相关板块个股市值总体较小，因此涨速迅猛，带来了显著的赚钱效 应，并在年后吸引更多资金加速入市。 上证综指突破关键点位后，继续上行还是震荡调整？ 2026年第二个交易日，A股延续强势。当日盘中，上证综指一举突破2025年11月14日的阶段高点4 ...

Group 1 - The establishment of Zhongsheng Futures Investor Education Base marks a new phase in investor education within the Huaihai Economic Zone, emphasizing the mission of "serving the real economy and finance for the people" [1] - The base, located in Xuzhou, aims to meet the significant demand for professional futures knowledge and risk management services, integrating resources for education, legal rights protection, and risk awareness [1] - The education base features a 400 square meter exhibition area with core zones including futures history, knowledge, interactive experiences, risk warnings, and expert lectures, showcasing the development and value of the futures market [1] Group 2 - Zhongsheng Futures plans to strengthen its investor education team by incorporating professionals from finance, law, and industry, aiming for a well-structured and capable team [2] - The company intends to deepen cooperation with universities and local governments to create a regional ecosystem for investor education, providing diverse learning platforms for students and the public [2] - The future focus will be on developing a comprehensive investor education system that covers awareness, skill enhancement, risk prevention, and rights protection, contributing to the high-quality development of the futures market [2]

Core Viewpoint - The Ministry of Commerce and nine other departments issued a notification to promote green consumption, outlining 20 specific measures to facilitate a green and low-carbon lifestyle and accelerate the transition to green consumption models [1][2]. Group 1: Green Product and Service Supply - The notification emphasizes increasing the supply of green agricultural products, promoting green home appliances and decoration, and encouraging green consumption in the automotive sector [1]. - It aims to enhance standards for energy and water efficiency in home appliances and develop a certification system for green smart appliances [1]. - The automotive industry is encouraged to explore the potential of the "aftermarket," including used cars, car rentals, modifications, and sharing, while supporting new consumption models like RV camping and drive-in cinemas [1]. Group 2: Green Supply Chain and Consumption Points - The notification highlights the need to cultivate new growth points in green consumption by establishing green supply chains and conducting carbon footprint assessments [2]. - It encourages the promotion of green consumption points and the establishment of a universal green consumption points system that integrates online and offline platforms [2]. - The initiative supports the certification and labeling of green products and aims to standardize the collection of green consumption points at retail outlets [2]. Group 3: Green Recycling and Resource Utilization - The notification promotes green recycling by guiding the reduction of single-use plastic products and encouraging the recycling and reuse of waste materials [2]. - It aims to develop a circulation system for resources that emphasizes reduction, recycling, and reuse of second-hand goods [2]. Group 4: Policy Support and Financial Incentives - The notification calls for enhanced policy integration to align green consumption initiatives with modern commercial circulation systems and various pilot projects [2]. - It supports local governments in providing rewards for green businesses such as green malls and restaurants [2]. - Financial institutions are encouraged to increase support for green consumption loans and collaborate with commercial enterprises to expand the application scenarios for these loans [3].